According to GlobalData, Brazil is the world’s fourteenth-largest producer of copper in 2022, with output down by 10.71% on 2021. Over the five years to 2021, production from Brazil decreased by a CAGR of 3.33% and is expected to rise by a CAGR of 5% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Copper Mining to 2026 report. Buy the report here.

Brazil accounts for 1% of global production, with the largest producers being Chile, Peru, China and the Democratic Republic of the Congo. Exports of copper from Brazil declined by 10.67% in 2022 over 2021, with the highest share being exported to Germany. Brazil’s copper exports are expected to grow at a CAGR of 5% between 2022 and 2026.

Leading producers of copper in Brazil are Vale and Lundin Mining. During 2020-2021, Vale's output was down by 18%, Lundin Mining's output increased by 14%.

For more detailed analysis of global copper mining, buy the report here.

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GlobalData’s Commodity Analyzer tracks production, consumption, imports and exports of 17 key commodities across 60 countries, whilst its Mines & Projects Database tracks over 30,000 mines and projects with 200+ data fields for each, including production, operating costs, equipment and key mine-site contacts.